Arizona Beneficiary Deed Az Withholding
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FAQ
Once you create a beneficiary deed, it needs to be recorded with the county recorder in the county where the property is located.
An Arizona Beneficiary Deed is much simpler than creating and administering a trust. In addition, the owner retains complete control over the property with an Arizona Beneficiary Deed. No gift tax liability. Since an Arizona Beneficiary Deed does not transfer property as a ?gift,? it is not subject to gift taxes.
You must sign the deed and get your signature notarized, and then record (file) the deed with the recorder's office before your death. Otherwise, it won't be valid. You can make an Arizona beneficiary deed with WillMaker.
In the event that your mother recorded the beneficiary deed, the home likely became yours immediately upon her death, and it should not be subject to the terms of her will.
The Arizona Beneficiary Deed Law allows you to avoid the possibly lengthy probate process. It allows you to sign and record a deed, during your lifetime, that transfers real property to one or more people upon your death.